FSCS declares Cardiff-based advice firm in default

David Craig was officially declared failed on 25 September

Sahar Nazir
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has declared Cardiff-based firm David Craig in default.

David Craig was declared failed yesterday (25 September). The lifeboat fund said this company has stopped trading so customers may be able to make a claim against it. The firm, which provided pension and retirement planning advice, was registered by the Financial Conduct Authority's (FCA) on 7 September 2009. The FCA's register also showed that David Craig was no longer authorised to provide regulated activities and products as of 4 August 2017. According to Companies House, the firm was incorporated on 17 September 2010. The FSCS told Professional Adviser that eight claims have...

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